A slew of economic news and some tough posturing on trade put a damper on equities.
Dell shares fell following earnings and a slowing PC market, but there are still "huge expectations around generative AI" ever since the launch of ChatGPT two years ago, says Anjali Bastianpillai, Pictet Asset Management senior portfolio manager. She joins Caroline Hyde to discuss on "Bloomberg Technology.
Personal computer giants Dell Technologies and HP Inc. are forecasting lower-than-expected earnings for the current quarter, causing shares of both companies to decrease by around 12%, while pacing what would be HP's worst day in more than three years.
Dell Technologies Inc. DELL reported better-than-expected earnings for its third quarter, while sales missed estimates.
Dell Technologies (DELL -11.45%) stock tumbled 11% through 10:05 a.m. ET Wednesday after the company reported mixed earnings last night.
Here are a few key calls from Wall Street that are moving stocks in today's market: Crowdstrike (Nasdaq: CRWD): Had its price target raised to $400 from $365 at Bank of America, with the bank maintaining a ‘buy' rating on the stock.
Dell Technologies Inc.'s infrastructure segment grew 34% YoY, driven by AI and cloud demand, with exceptional growth in servers and promising storage business. Despite a 12% stock drop post-Q3 earnings, I see a massive overreaction and added to my position, targeting $140. Dell's market leadership in AI infrastructure and storage, combined with margin expansion, positions it for significant growth in a $300B market by 2030.
Analysts say Dell's revenue will improve once Nvidia Blackwell supply picks up and note the company isn't pricing AI servers as aggressively as peers are.
Dell Technologies' third-quarter fiscal 2025 results reflect strong demand for AI-optimized servers.
In today's video, I discuss recent updates impacting Dell Technologies (DELL -10.55%). To learn more, check out the short video, consider subscribing, and click the special offer link below.
US stocks steady as traders eye PCE inflation data, a key Fed gauge. Dell's AI-driven growth contrasts with weaker Q4 guidance, shaking tech sentiment.
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.